Altcoin-market analysis – Bitcoin SV part of the Top 10, Binance Coin loses momentum

The entire market capitalization rose this week to 274 billion US dollars. Up on Bitcoin, Ethereum, and Binance Coin of all crypto could of the Top currencies to show increases in the 10 course. This is especially true for Bitcoin, SV, was able to double its price within the last week.

Dr. Philipp Giese
3. June 2019BTC$8.429,00 -3.04%part Facebook Twitter LinkedIn xing mail

the development of the ten-crypto is Shown currencies with the highest market capitalization:

the Bull Run, slow to a Halt? At least for Bitcoin, Ethereum, and, in particular, Binance Coin, it seems so: These Cryptocurrencies had to go with Kurverlusten of the week. Others, such as XRP, EOS, Cardano, and in particular Bitcoin, SV, it went better. While the first three of these were able to improve their rates by seven to ten percent, is to explode the Bitcoin-SV-price, and to 105 percent. With this explosive price movement also re-Tron out of the Top 10 was thrown.

The total market capitalization remained rather on the spot and has risen from $ 270 billion to 274 billion US dollars.

apart from Bitcoin, SV, and Cardano, the prospects in this week's rather bearish. Course, Trend, and some crypto-currencies in the Top 10 to make the impression that there was a slight consolidation. Therefore, it is possible to think, at least in the case of Bitcoin, Ethereum, EOS, Binance Coin and Stellar on a Short Position. For Stop Loss and Target, can be based here at the Resistance and Support.

Best price development: Bitcoin SV (BSV)

The last two Pumps of the Bitcoin-SV-price are hardly died away, and currently, the hardware makes a Fork of Bitcoin Cash institutions, to start another Pump. Overall, the Bitcoin-SV-price could look back on a rate increase of proud 105,2 percent. Since the submissions were the two referred to, only to reply in a nervous market on rumors or questionable Copyright-worthy, a real analysis is currently difficult.

admittedly, of course, sees it focuses only on the indicators, quite a bullish : the Brave, where Flash Crashes, such as those from the 30. May amount to nothing, can give it a try so with a Long Position. As a Stop-Loss of the Support in 172,95 US Dollar, while one is targeting as a Target for the two Resistances in 254,44 the US Dollar and the 304,86 US Dollar. Permabullen and friends of Craig Wright and Calvin Ayre can finally aim for as a third Target, the 386,36 US Dollar. These, as well as all of the designated Supports and Resistances based on a consideration on the Basis of Fibonacci-Retracement-Levels. The price should fall below the first Support at 172,95 US dollars, it is possible to think about a Short Position, the Target 114,93 US Dollar and their Stop Loss at 213,70 US Dollar is.

Worst course development: Binance Coin (BNB)

Similar to Bitcoin SV of the Binance was-Coin-rates up to 26. May in never-before-seen heights. Understandable that it came to consolidation. The pronouncements, which have been interpreted as a geoblocking of users of the Binance DEX came. The course is for less than a week in a slight downward trend, what makes Binance Coin to the loser of the week.

Also from the indicators perspective, the world looks rosy: MACD and RSI are falling, and the Aroon-Up Signal drops. Overall, the situation is to be judged, therefore, bearish to. The course should fall under 27,32 US Dollar, a Short Position, whose Targets in the two Support at 22,35 US Dollar and 15.28 U.S. dollars. As a Stop Loss, the current price level on offer at 32,28 US Dollar. The price will increase above the Resistance at 38,43 US Dollar, you can open a Long Position with a Target at up 48.36 U.S. dollars. As a Stop Loss the 32,28 US Dollar offer again.

the stability of the Top 10

With the Coming of Bitcoin, SV was "when two quarrel, says a third". Both Tron as well as Tether are now no longer part of the Top 10. It should, however, achieve a Tron, just under nine percent rate, plus, could rise to the crypto-currency by Justin Sun over Stellar and back part of the Top 10. Also Stellar and Cardano have legal authorization similar market capital: Only twelve percent separate the two Krpytowährungen. The real Flippening-potential can be found elsewhere. The Market capitalization of Bitcoin Cash and EOS differ by only a percent. Also, the Litecoin is only nine percent less.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have increased by eight percent and have performed significantly better than Bitcoin. Winner of the week, MonaCoin and Bitcoin SV, their rates could increase by over 100 percent. For Bitcoin, SV the reasons in Fake News from China are to be found. In the case of MonaCoin is so far a Japan, limited Hype. Loser of the week aelf, whose price has fallen by twelve percent.

28 percent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoins is correspondingly fallen to 57 percent.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

table data on the Basis of coingecko.com

The chart images have been using trading view created. To be considered, the value pairs BSV/USD bitfinex.com and BSV/USD bitfinex.com

USD/EUR exchange rate on the cut-off of 0.90 Euro.

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